iPredict: Bridgecorp three to get lengthy jail sentences
Early trades on the betting website show the convicted former directors will get close to five years' jail each.
The three convicted former directors of Bridgecorp will get close to the maximum prison sentence for the charges they're facing, according to iPredict traders.
The betting website has opened trading on how long Rod Petricevic, Rob Roest and Peter Steigrad will each be jailed for.
They were found guilty earlier this month of misleading Bridgecorp investors.
The charges carry a maximum penalty of five years' imprisonment, or a fine of up to $300,000.
When delivering his verdict, Justice Geoff Venning said jail was inevitable for Petricevic and Roest, who were convicted on all charges, and remanded in custody.
iPredict will pay 10c for each year of prison the men are sentenced to - so a price of 45c represents four-and-a-half years.
Traders are betting the pair will get about five years in prison, with both their stocks trading at just over 50c.
Steigrad - who was convicted on five charges but found not guilty on five others - is trading at 47c, a punt on a lighter penalty.
Petricevic will be sentenced on April 26, while Roest and Steigrad will be sentenced on May 18.
Caleb Allison
Fri, 13 Apr 2012
Fri, 13 Apr 2012
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iPredict: Bridgecorp three to get lengthy jail sentences
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